# Novarc Technologies Inc.: Mechanical or industrial engineering, Burnaby, Canada > Novarc Technologies Inc.: Novarc Technologies Inc. Based in Burnaby, Canada. Founded 2013. What Millionrounds holds on them, and what we have not seen. Source: https://millionrounds.com/startup/novarc-technologies-inc (Millionrounds; every figure on the page links to its filing or article) Canada · [Mechanical or industrial engineering startup](https://millionrounds.com/companies) # Novarc Technologies Inc. Novarc Technologies Inc. Funding reported Last round: Series A Mechanical or industrial engineering Burnaby, Canada Company summary - **Founded:** 2013 13 years old - **Team:** 140 51 to 200 people - **Funding reported:** 50M as listed, currency not stated - **Last round:** Series A Aug 2023 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Novarc Technologies Inc. has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Novarc Technologies Inc. Novarc Technologies Inc. is a Vancouver-based company founded in 2013 that specializes in intelligent collaborative robots (cobots) and AI-driven machine vision solutions for autonomous arc welding. The company is known for its flagship product, the Spool Welding Robot (SWR), which is the world’s first collaborative robot designed specifically for pipe welding applications. Novarc's technology integrates real-time computer vision and adaptive control systems, enabling its robots to learn and adapt in real time. With approximately 105 to 128 employees, Novarc has raised significant funding from notable investors, including Caterpillar and the Government of Canada. The company serves various industries, including oil and gas, aerospace, and shipbuilding, providing solutions that enhance precision and productivity in welding operations. Novarc is recognized as a leader in the field, having been named among Canada’s Top Growing Companies and listed in The Financial Times’ fastest-growing companies in the Americas. Its mission is to automate challenging welding tasks, improving safety and efficiency in industrial environments. ## What company datasets say Novarc Technologies Inc. raised Funding, as reported Reported in all **50M** in the source's currency Rounds **7** Last round **Series A** Last round size **50M** Last round date **Aug 2023** Investors listed **7** ## On a portfolio page Investors who name them - [Graham Partners](https://millionrounds.com/fund/graham-partners) Each firm lists Novarc Technologies Inc. on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for industrial automation remote monitoring robotic welding systems integration welding automation welding process data welding automation software welding industry welding process documentation welding quality logs welding process analytics welding defect detection manufacturing seam tracking technology collaborative robots welding process management machine vision Built with from their website Google Tag Manager Contact Form 7 OneTrust Tech Risk & Compliance WordPress.org Salesforce CRM Analytics Atlassian Google Cloud Google Ads Font Awesome Siemens PROFIBUS +8 more YouTube Google Workspace PriceGrabber CloudFlare Viewport Meta LinkedIn Ads Hubspot Dart - **Sector:** Mechanical or industrial engineering - **Industry code:** NAICS 33361, 333248, 541512, SIC 3599 - **Region:** British Columbia - **Revenue:** 19.1M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/novarc-technologies) ## Mechanical or industrial engineering in Canada Startups like it - [**4AG Robotics** Salmon Arm · founded 1999 *Raised*](https://millionrounds.com/company/4ag-robotics) - [**Speedbot North America** Toronto](https://millionrounds.com/startup/speedbot-north-america) - [**Greentank Technologies** Toronto · founded 2016](https://millionrounds.com/startup/greentank-technologies) - [**Mechasys** Montreal · founded 2018](https://millionrounds.com/startup/mechasys) - [**AON3D** Montreal · founded 2015](https://millionrounds.com/startup/aon3d) - [**Appetronix** London](https://millionrounds.com/startup/appetronix) - [**Upside Robotics** Waterloo · founded 2024](https://millionrounds.com/startup/upside-robotics) - [**Preverco** Saint-Augustin-de-Desmaures · founded 1988](https://millionrounds.com/startup/preverco) ## Is this your company? Add your raise, your deck and your story, and put Novarc Technologies Inc. in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)